"Dream - Jack Ma was expelled by the company he himself founded: Ant Group. Jack Ma established this fintech giant in 2014. The company operates the online payment system Alipay. Ant Group removed Jack Ma's role as the dominant controller of the company. What Jack Ma experienced is similar to the story of Steve Jobs being fired from his own company: Apple."

The Central Bank of China has also approved that the Alipay application does not have controlling shares. According to the South China Morning Post, this is considered an important step to return its initial public offering to the right track.

Restructuring has caused Jack Ma's voting rights to shrink to only 6.21% from 53.46%. This move is seen as opening the way for Ant Group to resume its public stock listing, which was halted in 2020 following Ma's controversial speech.

The billionaire's shares are now divided between Hangzhou Junhan Equity Investment - owned by Ma and four others with 31.04 percent voting rights - and Hangzhou Junao Equity, another company owned by five individuals with 22.42 percent voting rights. The voting rights of these companies are equal to their ownership shares.

"The optimization of corporate governance announced on January 7, 2023, has been completed and will not affect the company's day-to-day business operations," he said. When announcing the changes in January, Ant stated that the new ownership structure would be more transparent and diversified. Alipay itself has more than 1 billion users, surpassing conventional systems such as cash, checks, and credit cards."